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as this week. >> pope benedict xvi giving his last sunday blessing to a massive crowd in st. peter's square. thanking the faithful before he resigns on thursday. and italians are heading to the polls today in a crucial parliamentary election that could shape their future. italy is one of europe's biggest economies. >> kelly: office depot's acquisition of office max among mergers that have been announced recently. wall street appear to have approved but the mergers must get by the justice department. lately they have made a habit of blocking similar deals. what is going on here? joining us is brenda buttner, anchor of "bulls and bears", and always good to see you. why are we seeing so many of these messager deals taking shape? >> money. there is so much corporate cash on the sidelines that has not been invested. essentially what is happening, i think outside the financial sector, it's estimated there is $1.7 trillion on the sidelines in corporate cash reserves. they need to do something with that money. they are feel more confident. they are going to go on a shopping spree and essentially bu
will discuss pope benedict's legacy and give you a short list of who could succeed him. >> jamie: have you heard of identity theft? there is a new warning about it. we don't want to you get your identity stolen. you are at risk. we will tell you how to protect yourself, coming up in my take charge consumer protection segment. >> eric: drivers are gearing up for the daytona 500, a day after the horrific crash that injured dozens of fans. we'll have the latest, live from the speedway, ahead. (crickets c) bill: you might just wanna trade that one in. ♪music announcer: the spring fishing classic starts this weekend at bass pro shops. during our reel trade-in sale save up to $100 more on a new reel when you trade one in. morning, boys. so, i'm working on a cistern intake valve and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the road like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanese ] we work wherever you work. now, that's progressive. call or click today. is bigg
daytona. >>> pope benedict xvi gave his final blessing at the vatican before his resignation, officially stepping down on thursday. alex savage is live with more on some of the controversy surrounding the process to find his replacement. alex? >> reporter: the church's sexual abuse scandal could certainly play a role in the selection process moving forward. today, catholics around the world and here in the bay area are honoring pope benedict xvi as he steps down just days later on this week. earlier on this morning, the outgoing pope gave his final blessing at the vatican. >> yes, guys, they are right there. >> the 85-year-old spoke from his studio window addressing a huge crowd that packs st. peter square. estimated at roughly 100,000 people. the pope spoke in a clear, strong voice thanking the faithful for their closeness and affection and tried to reassure catholics that he is not abandoning the church. he'll be stepping down on thursday. the first pope to do so in 600 years. and then soon the search for the next pope will begin. a conclave of 120 cardinals will vote in vote on benedi
.s. is determined not to leave syrian rebels "dangling in the wind." >>> when pope benedict steps down thursday he'll take on a new title, benedict will be caused emeritus pope and will continue to wear white. 115 cardinals are expected to vote for his successor, but britain's highest ranking catholic leader will not be taking part. in one of his final acts the pope changed the rules of their meeting, allen pizzey is in vatican city. allen, good morning. >> reporter: good morning, charlie. how soon will the conclave begin? by both law and tradition the cardinals can't talk openly about it until one day after ben fikt officially leaves office. the cardinals want to get on with the job of choosing a new pope as soon as possible. major issue plaguing them will be the sex abuse scandals but they must be dealt with in the view of u.s. cardinal james staff ford stafford who is too old to vote in the conclave. >> if it means to be despised which in many ways it does mean when they accept that. >> reporter: you also have to overcome that to get people back into the church rebuild i
people. pope benedict xvi, the first pope they've known and the old who know how his story is. gathering to hear the last testament. and looking on the cardinal, one of these men could soon be pope, the first from pope benedict, a prayer. a final message to his follower followers. >> ask each of you to pray for me and for the new pope i impart my blessing. thank you. [ applause ] >> reporter: this frail man choosing a quieter life. so very different from his predecessor john paul who stayed until the very end. anthony from pennsylvania witnessed both pope's last sermons. >> they're courage in different ways. in opposite ways but the same degree of courage. >> reporter: the pope summoning the strength to say good-bye, giving up one of the most powerful roles on earth. meeting publicly with the faithful one last time. >> savannah as the pope got up to leave. there was a wave of emotion. people calling out to him, waving good-bye. many people held up banners saying thank you in return. pope benedict told the faithful i have never felt this way. >> thank you. greg burke is the senior communi
to turn to the headlines coming in right now on the pope. we just learned that benedict will be called emeritus pope and will wear white after he steps down next week. his retirement this week is being clouded by scandal, as there are more calls to stop an american cardinal from participating in the election of the next pope. abc's david wright is in rome right now with the very latest. good morning, david. >> reporter: good morning, elizabeth. the process to replace pope benedict is now on the fast track. we've also just learned that the deacon of the college of cardinals will summon the cardinals on friday to their first meeting, which will take place on monday, march 4th. never before has the cardinal given the conclave amidst a scandal. and that raises the pressure for the other cardinals tainted by scandal, among them, roger mahoney, who for years, covered up for pedophile priests. for 24 hours, britain's cardinal keith o'brien has holed up in this home in scotland. >> the holy father accepted the resignation of cardinal o'brien. >> reporter: on sunday, a british newspaper reporte
looming over the final days of pope benedict's eight-year long reign. one of britain's top roman catholics says the highest ranking catholic in the united kingdom, kooechleith o'brien voluntarily stepped down after he was accused of "inappropriate acts" by priests. he was not forced out. pope benedict will keep the title, his holiness when he retired and also called pontiff emeritus. i imagine nobody has ever really needed that title before. >> you are absolutely right. here i am near vatican swrar where they are handing out 50,000 tickets, putting up the risers and loud speakers. many catholics are expected to come here. you are absolutely right. this is an unprecedented situation. never in recent memory a pope emeritus. all of the details will need to be worked out. he will wear a simple white cossick after he steps down. in the meantime, the vatican has been in damage control mode. it wants to get past the scandals which have colored the beginning of this week. we know also you mentioned cardinal o'brien, he will not be coming, it is unprecedented that a cardinal will not come here to t
filled st. peter's square for pope benedict's final blessing. four days he will step down as head of the catholic church. the vatican is dealing with new allegations today involving one of its cardinals. anne thompson has more. good morning. >> reporter: good morning, erica. it's a mixture of joy and intrigue here in vatican city. this morning catholics and the curious jammed st. peter's square to hear pope benedict's final blessing. this got not only a blessing but the pope also shed light on why he resigned. god had called him on the mountain to live a life of more prayer and meditation but he wasn't going to abandon the church. the 85-year-old pontiff said that god had had asked him to live this life with the same kind of dedication but to do so more in a way appropriate to his age and strength. now, this very joyous event took place against a background of scandal. there are new headlines in britain this morning, three priests and a former priest accused the scottish cardinal keith o'brien of inappropriate behavior going back some 30 years. they want cardinal o'brien to resign
's retirement of pope benedict xvi. there are some issues that haven't been dealt with in 6 centuries. the vatican announced today benedict xvi will be known now as emeritus pope. he will continue to wear white. as for the upcoming conclave to choose the pope's replacement, los angeles cardinal roger mahony plans to attend, despite allegations he covered up sex abuse involving clergy. a former san francisco archbishop stands by him. >> i believe he should be at the conclave and i'm glad to see he has left and look forward to seeing him there. >> more than 100 cardinals will gather at the vatican starting on thursday. >>> 6:40 now. from smartphones to tablets, which products are getting the biggest buzz at this year's mobile world congress. brian cooley will talk about it. >> plus the bald eagle has landed. why this escaped bay area zoo bird was saved just in time. >> how about the market? opened just a few minutes ago. the early numbers, after falling some 200 points yesterday, we are out of the gate in a good way. all green all the way around. ja
to rome to see pope benedict xvi. he gave his final blessing on a sunday to a massive crowd at the vatican. he will make his final public pier rance wednesday and official stlips down thursday. the cardinals will decide when to begin the conclave. archbishop washington will help choose the new hope but he doubts it will be an american. >> i don't think it will be who is supposed to be reminding them the responsibility to build peace. >> they hope to have the new hope in place by holy week. >> jimmy johnson does it again at daytona. >> the daytona 500 goes to jimmy johnson five time champion from california. >> congrats to him. johnson starting the season with his second win at daytona. he is the 10th driver to do that. the first women winning the poll for daytona that is the highest finish ever for a woman. that's your 5 at 5:00. >> heather is the new car racing expert around here. >> the area hit by a blizzard while many are recovering a record breaking snowstorm. they are expected to drop another foot of snow on areas stretching from texas to kansas. big concern the road conditions. mari
benedict xvi steps down. two italian papers say the reason he's leaving has nothing to do with his health and much more so to do with his explosive 300 page report. among the allegations here, secrets about a network of gay priests blackmailed by a group of male prostitutes. but, the vatican says the contents of this report will, as they say, remain for the pope's eyes only. >> the holy father has decided that the acts of this investigation known only to himself remain solely at the disposition of the new pope. >> and as you can imagine, the fallout is going global. today, one of the uk's highest ranking catholic leaders resigned as he's dogged by accusations of sexual abuse. i want to go straight to christiane amanpour, live tonight in rome. tell me what exactly is cardinal keith o'brien accused of and what does his resignation thus mean for the vote for the next pope? >> reporter: well, look, brooke, here we are standing in front of st. peter's, right there, the heart of the vatican. as you say, they are in damage control and they really did not expect that the last few days of the pope
earlier today says, once retired the benedict will be known as emeritus pope. he will continue to wear the white and trade-in his famous red shoes. the prada red shoes, for a pair of handcrafted brown loafers out of mexico. why is that important, i wonder. martha: i have no idea. bill: benedict officially retires on 2/28. which is thursday. the first pope to do so in 600 years. martha: italian loafers on one foot and mexican --. going green has some folks in falmouth, massachusetts, is seeing red today. the wind turbines they say not only decreased home values and disrupted people's sleep and making people sick. the community is taking them down after the hubbub it took to put them up. a whole lot of problems for the folks in cape cod. molly line is live from falmouth. good morning, molly. >> reporter: good morning, molly. two turbines that were erected above the falmouth community here in cape cod were intended to create green energy and energy savings. they have created division here in the community. they may be removed at a high cost. that is because neighbors are complaining about
on the way to see pope benedict the 16th. sunday he gave his final blessing to a massive crowd. he'll make a final appearance wednesday and officially step down thursday. then the cardinal will decide when to pick the next pope. >> i don't think it will be seen as a very good thing if the pope who is supposed to be reminding them of their responsibilities to build peace. >>gretchen: the vatican plans to have the new pope in place by holy week. hamid karzai kicking troops out of a crucial region. he ordered special forces to leave the province outside kabul in two weeks over abuse claims. afghan security officials claim afghan troops are harassing, torturing and killing innocent people in villages. karzai demands the u.s. hands over individuals involved. the u.s. is investigating the claims. >> jimmy johnson does it again at daytona. >> the daytona 500 goes to jimmy johnson, five-time champion. >>gretchen: johnson starting the season with his second win at daytona, the tenth driver to do that. danica patrick, the first woman to win, finished eighth. saturday's crash still on everyone's mind
and dictator park chung hee. >> pope benedict 16 says that he will be taking up a life of prayer. the remarks came as he spoke to about of who gathered at st. peter's square with a weekend. earlier this month, he announced his resignation which is to take place thursday. rooms around the reason for the resignation include the cover-up of the gay conclave. the vatican has denied these rumors. >> it will feel real good this weekend at all week long leading up to the weekend it will feel fantastic with temperatures in the mid-60s and steadily warming as we head for the coming weekend. something to look forward to. we will be right back. =dj >> we are back. it was hollywood's biggest night of the year. nisjelle turner's shows us who won big a kick at rewards common shares of a the other high point of the night. >> michelle obama presented the oscar to the film of the year. >> and the oscar goes to our argo . >> life o fpi one the most oscars including best director. >> life of pi. >> he paid one of the greatest presidents in history and daniel day-lewis made history of is on becoming the first m
: the vatican is on the defense this morning. it denies claim from italian media that pope benedict decided to resign after getting a report from cardinals in december outlining corruption and homosexuality in the vatican. >> the pope's resignation takes effect on thursday. at a vatican news conference, we deseed that he started to move up the process of -- dear decided to move up the -- decided to move up the process of electing a new pope. the vatican today denied claims the pope is resigning under these claims. >> i don't worry they are being taken in by it. >> three cardinals authored the pope. the pope read this report in december and considered releasing it to other cardinals but instead the word is from the vatican he's putting it back in the papal abeat its waking the next pope's review. keith o'brien from scotland is being forced into early resignation. all of this is happening as california's 11 million catholics observe lent. live in washington, kyla campbell, ktvu channel 2 news. >>> peninsula state assemblyman jerry hill is calling for an audit of the state public utilities com
story tonight-- a new controversy is rocking the vatican in benedict the 16th's final days as pope. a report. first published in the rome daily details an investigation by three cardinals into a network of gay priests that were blackmailed by a group of male prostitutes. it also contains information on financial wrongdoing within the vatican. the vatican responded by saying the story is an attempt to use public opinion to influence the cardinal's decision in the upcoming new pope election. >> a class action civil trial stemming from the b-p oil disaster gets underway today court. the 20-10 oil rig explosion killed 11 people. and millions of gallons of oil polluted the gulf of mexico. the trial has been divided into two phases. phase one will focus on the actions that led up to the explosion. phase two will determine the financial penalties bp and others will face for violating the clean water act. and the natural resource damage assessment. almost 60 lawyers in all will fill the courtroom. >> the white house turning up the heat on congress today with a state by state breakdown of w
retires, the vatican released pope benedict the 16th will keep the title his holiness the will be title pontiffemeritus . been a big surprise the world and the announced earlier this month that he would retire effective on thursday. the catholic church's carter will meet at the vatican to elect a successor. the election is expected to start sometime in march. >> this is out of wichita kansas when they have a lot of snow on the ground and more on the way. a lot of of snow on the ground and more on the way. a lot of snow expected to co thyou eat less...ing weiyou lose weight.et. it's a great plan... until you get hungry. that's the time to take slimful. one tasty 90-calorie slimful and a glass of water satisfies hunger for hours making it easier to eat smaller meals, and resist snacking. your friends might think you found the secret to losing weight. but it's no secret... it's slimful. eating less is a beautiful thing. >> good morning. 4:55 is the time. >> '60s for today the same for tomorrow. friday a lot of sunshine. los seventies. we will see mid-70's in some locations for friday afte
$4.16. in san jose $4.17. >> pope benedict the 16th has changed the rules of the conclave that will lead his successor, allowing part of to move up the start date if all of them arrive in russia for the usual 15 a transition between pontificates. benedick signed a legal document, issued this morning, with some line by line changes in the 1996 vatican law governing the election of a new pope. it is one of the last act as pope before resigning thursday. the date of the conclave started support because holy week begins march 24th, with easter sunday march 31st. in order to have a new pope in place, he would need to be installed by sunday, march 70. a tight timeframe if a conclave for to start march 15th. >> president obama says a little compromises all congress needs to turn off automatic, across-the-board budget cuts set to kick in less than a week from now. while, obamas says the so- called sequester will slow the economy and hurt the middle class, many republicans are calling the issue and problem and leadership. >> i will not put all the blame on the president of the nine
benedict the 16th will keep the title as his holiness and will be called pontiffs emeritus . benedictus surprise the world when he announced earlier this month that he would retire effective on thursday. the catholic church is cardinal will meet at the vatican to collect a successor. they're trying to hold a conclave before march 15th, with the hope that a new pope can be chosen before march 17th. it or to have a pope in place for the holy week leading up to easter march 31st. >> watching gas prices this morning as they continue to rise, ever so slightly all across the nation. the national average is $3.78 a gallon. the state of california average is $4.23 a gallon. in san francisco $4.25. in oakland $4.17. in san jose $4.18 said. >> it is 736 cenow we will be back with more in a couple of minutes. a lot of sunshine at the golden gate bridge. it will get more beautiful. get out and enjoy that by all means if you can. we will be right back. get whatever you want, baby. hmm. let's just share a 20 piece. [ internal ] 20 mcnuggets, for only $4.99? oh, man. she's beautiful smart and sensible
. benedict thanked his cardinals, colleagues and ordinary faithful for the support of respecting his decision to become the first open six of the year to resign. tens of thousands of people jammed the area to bid minute farewell. >> a new study finds that the number of young women being diagnosed with advanced breast cancer is on the rise. it is a trend not seen in older women. although the number of cases is still small, researchers find that more young women ages 25 best 39 are being diagnosed with advanced breast cancer. the study covered cases over three decades. officials say more research needs to be done. doctors say early detection is key so is best for young women to a monthly self breast exam and get checked out right away if they find a lump. >> a new study that shows the majority of voters are opposed to renaming san francisco international airport after gay rights activist harvey milk. 61 percent of likely voters oppose the idea according to a poll conducted by, the chamber of commerce. harvey milk was the first openly gay person to be elected to public office in california. the
Search Results 0 to 27 of about 28 (some duplicates have been removed)

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